NYMEX crude oil up at $106.65

By    7 Apr,2022

International oil prices continued to rally on Tuesday (April 5) as Russia faced more Western sanctions, which added to supply disruption concerns and stalled Iranian nuclear talks. NYMEX crude oil was up at $106.65.


At 16:17 GMT, NYMEX crude oil futures rose 1.33% to $104.63 per barrel; ICE Brent crude futures rose 1.31% to $108.95 per barrel.

The international community expressed outrage Monday (April 4) over the killing of civilians in northern Ukraine, after the discovery of bound, shot-at-close range bodies, a mass grave and other signs of execution in territory recaptured from Russian forces.

European leaders are accusing Russia of war crimes in Ukraine and will "significantly tighten" further sanctions against Russia. Russia continued to send gas to Europe through a key pipeline on Monday, despite uncertainty over payment terms.